Hawksmoor to merge with wealth manager
The combined businesses will have eight offices
The combined businesses will have eight offices
Infrastructure and PE manager to acquire £275m worth of mandates
Management team will retain a ‘significant minority stake’
Company’s first acquisition since its MBO in July 2021
After first making acquisition overtures for its subsidiary Exo Investing
It is targeting 15% annual growth over the next five years
Announcement comes a day after the asset manager was raided by German police and financial watchdog
Acquisition of Alcentra will bring firmwide alternative assets to £219bn
Its third acquisition since a US-based private equity firm bought a majority stake in the business
As AUM hits £11.7bn in 2021
£33m 7IM Absolute Return Portfolio and £20m Income Portfolio had hefty exposure to defunct Guernsey bond fund
DIY investors will have free access to investment ‘coaches’ who are ringfenced from its army of advisers